February 22, 2018 / 11:48 AM / in 4 months

BRIEF-Banca Ifis Finances NPL Portfolio Acquisition By Cerberus Affiliate

Feb 22 (Reuters) - BANCA IFIS SPA:

* TOGETHER WITH CERBERUS FOR FINANCING TRANSACTION OF NPL PORTFOLIO

* NON-PERFORMING LOANS PORTFOLIO WAS BOUGHT BY AFFILIATE OF CERBERUS CAPITAL MANAGEMENT

* BANCA IFIS ACTED AS LENDER FOR PORTFOLIO ACQUISITION WITH INVESTMENT OF ABOUT 40 MILLION EURO Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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